Allocation of Funds

Allocation of funds is the process of deciding how a fixed amount of money will be distributed among various projects, departments, or needs. It involves prioritizing areas based on importance, goals, and available resources to ensure the funds are used effectively. This helps organizations plan and manage their finances to achieve specific objectives, ensuring that each area receives an appropriate share of the budget for operational costs, development, or other activities. Proper allocation supports efficient use of resources and aligns spending with strategic priorities.